Homework Answers
Answer
tax liability =sum of ( income in tax bracket *tax rate)
=(15000-0)*0.08+(35000-15000)*0.16+(43000-35000)*0.24
=6320
the amount is $6320
option c
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Table 12-11 8% The Tax Rate is ... On Taxable Income... From $0 up to $15,000 From $15,000 up to $35,000 From $3...
ment: Homework 5 Mining: 1:25:48 Save Submit Assig 190122 - MC.MANKOS Table 12-11 The Tax Rate...
ment: Homework 5 Mining: 1:25:48 Save Submit Assig 190122 - MC.MANKOS Table 12-11 The Tax Rate is ... on Taxable Income... From $0 up to $15,000 From $15,000 up to $35,000 From $35,000 up to $75,000 From $75,000 up to $145,000 36 From $145,000 up to $330,000 over $330,000 Refer to Table 12-11. If Al has taxable income of $165,000, his marginal tax rate is a. 16%. b. 24% C.34%. d. 36% MacBook Air
Table 12-7 The following table shows the marginal tax rates for unmarried individuals for two years....
Table 12-7 The following table shows the marginal tax rates for unmarried individuals for two years. 2009 2010 On Taxable The Tax Rate On Taxable The Tax Rate is... Income... is... Income... $0 to $15,000 10% Over $0 20% $15,000 to $40,000 15% $40,000 to $75,000 20% $75,000 to 25% $120,000 Over $120,000 30% Refer to Table 12-7. For an individual who earned $35,000 in taxable income in both years, which of the following describes the change in the individual's...
Using the corporate tax rate table, calculate the taxable amount if a corporation's taxable income is...
Using the corporate tax rate table, calculate the taxable amount if a corporation's taxable income is 16,000,000 It Pays This Plus This Percentage Average Tax If a Corporation's Amount on the on the Excess over the Rate at Taxable income is Base of the Bracket Base (Marginal Rate) Top of Bracket Up to $50,000 $ 0 15% 15.0% $50,000-$75,000 7,500 25 18.3 $75,000-$100,000 13,750 34 22.3 $100,000-$335,000 22,250 39 34.0 $335,000-$10,000,000 113,900 34 34.0 $10,000,000 $15,000,000 3,400,000 35 34.3 $15,000,000-$18,333,333...
TABLE 2.1 Corporate Tax Rate Schedule + + + + Range of taxable income 0 to...
TABLE 2.1 Corporate Tax Rate Schedule + + + + Range of taxable income 0 to $ 50,000 50,000 to 75,000 75,000 to 100,000 100,000 to 335,000 335,000 to 10,000,000 10,000,000 to 15,000,000 15,000,000 to 18,333,333 Over 18,333,333 Base tax $ 0 7,500 13,750 22,250 113,900 3,400,000 5,150,000 6,416,667 Tax calculation (Marginal rate X amount over base bracket) (15% X amount over $ 0) (25 X amount over 50,000) (34 X amount over 75,000 amount over 100,000) amount over 335,000)...
QUESTION 32 Using the corporate tax rate table, calculate the taxable amount if a corporation's taxable...
QUESTION 32 Using the corporate tax rate table, calculate the taxable amount if a corporation's taxable income is 83,000 It Pays This Plus This Percentage Average Tax If a Corporation's Amount on the on the Excess over the Rate at Taxable income is Base of the Bracket Base (Marginal Rate) Top of Bracket Up to $50,000 $ 0 15% 15.0% $50,000-$75,000 7,500 25 183 $75,000-$100,000 13,750 34 22.3 $100,000-$335,000 22,250 39 34.0 $335,000-$10,000,000 113,900 34 34.0 $10,000,000-$15,000,000 3,400,000 35 34.3...
Here's the additional Information: Tax Table: Single Tax payer for Taxable income of $30,490 at Least...
Here's the additional Information:
Tax Table:
Single Tax payer for Taxable income of $30,490 at Least $30,450
but less than $30,500 Your Tax is $3,467.
Single Tax Payer for Taxable income of $80,938 at least $80,900
but Less than $80,950 The Tax is $13,743
Tax Rate Schedule:
Single Tax Payer If Taxable Income is over $9,525 but not over
$38,700 The Tax is $952.50 plus 12% of the excess over $9.525
Single Tax Payer if taxable income is over $38,700...
2019 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The...
2019 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9,700 10% of taxable income $ 9,700 $ 39,475 $970 plus 12% of the excess over $9,700 $ 39,475 $ 84,200 $4,543 plus 22% of the excess over $39,475 $ 84,200 $160,725 $14,382.50 plus 24% of the excess over $84,200 $160,725 $204,100 $32,748.50 plus 32% of the excess over $160,725 $204,100 $510,300 $46,628.50 plus 35% of the excess over...
Table 12-3 Income SO to $40,000 Over $40,000 Tax rate 20% 50% Refer to Table 12-3....
Table 12-3 Income SO to $40,000 Over $40,000 Tax rate 20% 50% Refer to Table 12-3. What is the marginal tax rate for a person who makes $35,000? Select one: a. 50% b. 30% c. 40% d. 20% NE e link: Topic 07.3 3/15/2019 Jump to... Sample questions for Exa
8. Last year. Martyn Company had 51,000,000 in taxable income from its operations, $30,000 in interest...
8. Last year. Martyn Company had 51,000,000 in taxable income from its operations, $30,000 in interest income, and $200,000 in dividend income. Using the corporate tax rate table given below, what was the company's tax liability for the year? (hints: 70% of dividends received are is excluded from taxable income and for total taxable income, when calculating the corporate tax amount, you should sum all the income up except 70% of dividends received) Taxable income Tax on Base Bracket Percentage...
Calculate the tax on base for the provided tax table. Develop pseudo codes to calculate the...
Calculate the tax on base for the provided tax table.
Develop pseudo codes to calculate the tax liability for the
provided tax table.
Using simple Excel formulas, determine the tax liability for
each of the three individuals listed taxable amounts.
Compute each of the three individuals tax liability using Excel
if logical statements
Share File Home Insert Draw Page Layout Formulas Data Review View Help O PROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to...
ment: Homework 5 Mining: 1:25:48 Save Submit Assig 190122 - MC.MANKOS Table 12-11 The Tax Rate is ... on Taxable Income... From $0 up to $15,000 From $15,000 up to $35,000 From $35,000 up to $75,000 From $75,000 up to $145,000 36 From $145,000 up to $330,000 over $330,000 Refer to Table 12-11. If Al has taxable income of $165,000, his marginal tax rate is a. 16%. b. 24% C.34%. d. 36% MacBook Air
Table 12-7 The following table shows the marginal tax rates for unmarried individuals for two years. 2009 2010 On Taxable The Tax Rate On Taxable The Tax Rate is... Income... is... Income... $0 to $15,000 10% Over $0 20% $15,000 to $40,000 15% $40,000 to $75,000 20% $75,000 to 25% $120,000 Over $120,000 30% Refer to Table 12-7. For an individual who earned $35,000 in taxable income in both years, which of the following describes the change in the individual's...
Using the corporate tax rate table, calculate the taxable amount if a corporation's taxable income is 16,000,000 It Pays This Plus This Percentage Average Tax If a Corporation's Amount on the on the Excess over the Rate at Taxable income is Base of the Bracket Base (Marginal Rate) Top of Bracket Up to $50,000 $ 0 15% 15.0% $50,000-$75,000 7,500 25 18.3 $75,000-$100,000 13,750 34 22.3 $100,000-$335,000 22,250 39 34.0 $335,000-$10,000,000 113,900 34 34.0 $10,000,000 $15,000,000 3,400,000 35 34.3 $15,000,000-$18,333,333...
TABLE 2.1 Corporate Tax Rate Schedule + + + + Range of taxable income 0 to $ 50,000 50,000 to 75,000 75,000 to 100,000 100,000 to 335,000 335,000 to 10,000,000 10,000,000 to 15,000,000 15,000,000 to 18,333,333 Over 18,333,333 Base tax $ 0 7,500 13,750 22,250 113,900 3,400,000 5,150,000 6,416,667 Tax calculation (Marginal rate X amount over base bracket) (15% X amount over $ 0) (25 X amount over 50,000) (34 X amount over 75,000 amount over 100,000) amount over 335,000)...
QUESTION 32 Using the corporate tax rate table, calculate the taxable amount if a corporation's taxable income is 83,000 It Pays This Plus This Percentage Average Tax If a Corporation's Amount on the on the Excess over the Rate at Taxable income is Base of the Bracket Base (Marginal Rate) Top of Bracket Up to $50,000 $ 0 15% 15.0% $50,000-$75,000 7,500 25 183 $75,000-$100,000 13,750 34 22.3 $100,000-$335,000 22,250 39 34.0 $335,000-$10,000,000 113,900 34 34.0 $10,000,000-$15,000,000 3,400,000 35 34.3...
Here's the additional Information:
Tax Table:
Single Tax payer for Taxable income of $30,490 at Least $30,450
but less than $30,500 Your Tax is $3,467.
Single Tax Payer for Taxable income of $80,938 at least $80,900
but Less than $80,950 The Tax is $13,743
Tax Rate Schedule:
Single Tax Payer If Taxable Income is over $9,525 but not over
$38,700 The Tax is $952.50 plus 12% of the excess over $9.525
Single Tax Payer if taxable income is over $38,700...
2019 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9,700 10% of taxable income $ 9,700 $ 39,475 $970 plus 12% of the excess over $9,700 $ 39,475 $ 84,200 $4,543 plus 22% of the excess over $39,475 $ 84,200 $160,725 $14,382.50 plus 24% of the excess over $84,200 $160,725 $204,100 $32,748.50 plus 32% of the excess over $160,725 $204,100 $510,300 $46,628.50 plus 35% of the excess over...
Table 12-3 Income SO to $40,000 Over $40,000 Tax rate 20% 50% Refer to Table 12-3. What is the marginal tax rate for a person who makes $35,000? Select one: a. 50% b. 30% c. 40% d. 20% NE e link: Topic 07.3 3/15/2019 Jump to... Sample questions for Exa
8. Last year. Martyn Company had 51,000,000 in taxable income from its operations, $30,000 in interest income, and $200,000 in dividend income. Using the corporate tax rate table given below, what was the company's tax liability for the year? (hints: 70% of dividends received are is excluded from taxable income and for total taxable income, when calculating the corporate tax amount, you should sum all the income up except 70% of dividends received) Taxable income Tax on Base Bracket Percentage...
Calculate the tax on base for the provided tax table.
Develop pseudo codes to calculate the tax liability for the
provided tax table.
Using simple Excel formulas, determine the tax liability for
each of the three individuals listed taxable amounts.
Compute each of the three individuals tax liability using Excel
if logical statements
Share File Home Insert Draw Page Layout Formulas Data Review View Help O PROTECTED VIEW Be careful--files from the Internet can contain viruses. Unless you need to...
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